Economics Syllabus
- Please read, understand and sign
Journal Entry #1
- Use Ch. One Cornell Notes
- Identify (5) goods or services you have right now. How does scarcity affect you obtaining those goods or services.
Journal Entry #2
- Use Ch. One Cornell Notes
- Using your understanding of Land, Labor, Capital and Entrepreneurial Abilility please tell me about (1) good or service that uses all the characteristics. In your opinion, is the good or service successful? Why?
Needs, Wants and Scarcity
- Use Ch. One Cornell Notes
- Use class notes
- Read Current Events article and answer questions
Journal Entry #3
- Use Ch. One Cornell Notes
- Using your understanding of incentives, utility, economize, trade-offs and opportunity costs answer the question below
- You have to make a choice. Either go to a movie with a friend or go to dinner with a friend. The friend who will join at the movies will help you with Economics. The friend who will join you for dinner will help you with your college essays. Which do you choose? Why?
Production Possibility Curves and Porsche Cars
- Use Ch. Two Cornell Notes
- Porsche is successful at making cars. Imagine if Porsche wanted to begin making bicycles. How hard could it be. Create (2) sets of data, graph the data and answer the questions below.
1. How could a PPC curve help Porsche decide if they should start making bicycles? Use economic reasoning (which means use economic vocabulary) to support your answer.
2. If a new machine was invented to help Porsche build bicycles but the workforce did not know how to use it, where would production be plotted on the PPC Curve? Why? Use economic reasoning (which means use economic vocabulary) to support your answer.
3. What happens if a monsoon demolishes the Porsche factory and it can no longer produce cars or bicycles. What would happen to the PPC Curve? Why? Use economic reasoning (which means use economic vocabulary) to support your answer.
Command Economy: No Soup For You!
- Use Ch. Two Cornell Notes
- Watch the video and answer the questions below in (6) to (8) sentences
1. What similarities do you see between the "soup nazi" and a Command Economy?
2. What are the advantages and disadvantages of a Command Economy?
Market Economy: Greed is Good
- Use Ch. Two Cornell Notes
- Watch the video and answer the questions below in (6) to (8) sentences
1. What similarities do you see between Gordon Gekko and a Market Economy
2. What are the advantages and disadvantages between of a Market Economy
What Happens When a Command Economy Fails?
- Use Ch. Two Cornell Notes
- Watch the video and answer the question in (6) to (8) sentences
1. What does the reaction of the "wall coming down" tell you about a Command Economy? Use economic reasoning to support your answer.
2. In your opinion, what does the "wall coming down" represent in the argument which type of economy is better; Command or Market
Samsung Operating in a Market Economy
- Use Ch. Three Cornell Notes
- Read the Current Events article and complete HUM (Highlight, Underline and Margin Notes)
The Economics of 9/11: Freedom or Revenge
- Use all Cornell Notes
- Watch the video, use the link and answer the questions in (6) to (8) sentences each
1. Did the U.S. incur this economic cost to preserve their freedom or to enact revenge? Why do you think so?
2. Was the cost worth the outcome? Why or why not?
- Please read, understand and sign
Journal Entry #1
- Use Ch. One Cornell Notes
- Identify (5) goods or services you have right now. How does scarcity affect you obtaining those goods or services.
Journal Entry #2
- Use Ch. One Cornell Notes
- Using your understanding of Land, Labor, Capital and Entrepreneurial Abilility please tell me about (1) good or service that uses all the characteristics. In your opinion, is the good or service successful? Why?
Needs, Wants and Scarcity
- Use Ch. One Cornell Notes
- Use class notes
- Read Current Events article and answer questions
Journal Entry #3
- Use Ch. One Cornell Notes
- Using your understanding of incentives, utility, economize, trade-offs and opportunity costs answer the question below
- You have to make a choice. Either go to a movie with a friend or go to dinner with a friend. The friend who will join at the movies will help you with Economics. The friend who will join you for dinner will help you with your college essays. Which do you choose? Why?
Production Possibility Curves and Porsche Cars
- Use Ch. Two Cornell Notes
- Porsche is successful at making cars. Imagine if Porsche wanted to begin making bicycles. How hard could it be. Create (2) sets of data, graph the data and answer the questions below.
1. How could a PPC curve help Porsche decide if they should start making bicycles? Use economic reasoning (which means use economic vocabulary) to support your answer.
2. If a new machine was invented to help Porsche build bicycles but the workforce did not know how to use it, where would production be plotted on the PPC Curve? Why? Use economic reasoning (which means use economic vocabulary) to support your answer.
3. What happens if a monsoon demolishes the Porsche factory and it can no longer produce cars or bicycles. What would happen to the PPC Curve? Why? Use economic reasoning (which means use economic vocabulary) to support your answer.
Command Economy: No Soup For You!
- Use Ch. Two Cornell Notes
- Watch the video and answer the questions below in (6) to (8) sentences
1. What similarities do you see between the "soup nazi" and a Command Economy?
2. What are the advantages and disadvantages of a Command Economy?
Market Economy: Greed is Good
- Use Ch. Two Cornell Notes
- Watch the video and answer the questions below in (6) to (8) sentences
1. What similarities do you see between Gordon Gekko and a Market Economy
2. What are the advantages and disadvantages between of a Market Economy
What Happens When a Command Economy Fails?
- Use Ch. Two Cornell Notes
- Watch the video and answer the question in (6) to (8) sentences
1. What does the reaction of the "wall coming down" tell you about a Command Economy? Use economic reasoning to support your answer.
2. In your opinion, what does the "wall coming down" represent in the argument which type of economy is better; Command or Market
Samsung Operating in a Market Economy
- Use Ch. Three Cornell Notes
- Read the Current Events article and complete HUM (Highlight, Underline and Margin Notes)
The Economics of 9/11: Freedom or Revenge
- Use all Cornell Notes
- Watch the video, use the link and answer the questions in (6) to (8) sentences each
1. Did the U.S. incur this economic cost to preserve their freedom or to enact revenge? Why do you think so?
2. Was the cost worth the outcome? Why or why not?